It started with digitizing an automotive parts maker’s label printing system.
They liked what Edmund Fischer did so much that they had him examine why customers were being short-shipped. They didn’t have a scanning system, so he built one.
Then it was a system for production. Then inventory. Edmund, can you tie it all together with accounting? Sure.
Eventually, Fischer wanted to take a step back and tie everything together with an overarching architecture and redid the whole shebang so it worked across multiple platform for four different companies with five locations, two languages and four currencies.
Fischer took that premise and realized there must be a market out there for other Enterprise Resource Planning software systems like this. That’s when he founded Myoby and its ERP Magnum.
They’ve created an easy-to-use productivity software system for manufacturing and warehousing companies.
“What makes us different is, that the implementation, aside from the data transfer from an old application, is out of the box,” Fischer said.
“You can actually go to our website and sign up for a 60-day free trial and just start using the application.”
Users can pick the different modules they want to use, how many users they’re going to have – all billed by the size of the database, and therefore bandwidth use.
“If you have more users, your database grows because if you have more modules, your database grows,” Fischer said.
“So, it’s a very fair and equitable way of doing it.”
They’d investigated other ERPs in the market, and Myoby is like the iPhone method of ERP, Fischer said.
“Some of them, their manuals are bigger than Lord of the Rings,” Fischer said.
Scaling up is the goal
Fischer said he’s a developer at heart. Not a marketer, and not terribly great at networking. Yet, he understands that scaling up is the next step. That’s why he sought out the Alberta Catalyzer Velocity program through Platform Calgary.
“I like to have my monster and sit in a corner and, yes, happy as a clam,” he said.
“This is where I needed more of the help.”
That’s where he dug into a pitch deck to help map out what he was trying to sell, and what’s his ask is for others.
“I had no clue. It’s been a fabulous experience,” he said.
Right now, the goal is to onboard more clients and grow the business organically. Fischer also said they’re starting to incorporate more artificial intelligence into their system. He mentioned that companies like Chrysler require an invoice per automotive part, and they’ve used AI to streamline the process.
To do that, Fischer said the next step for him is to build a team. He has a handful of part-time programmers, but he needs someone to do sales, manage an office and start to lay some roots down.
That might take a bit of an investment, he said.
“If I can get clients like that (Chrysler) as I am, I’m happy,” Fischer said.
“But if I have to have a more substantial team, then that’s what we have to do.”
- Join Alberta Catalyzer to fast-track your startup with know-how and expert guidance. Alberta Catalyzer offers merit-based, pre-accelerator programs for early-stage tech entrepreneurs in Alberta at no cost. These programs are developed and delivered by Platform Calgary and Edmonton Unlimited, with support from partners and organizations across the Alberta Innovation Network. They are made possible by the generous support of the Alberta Scaleup and Growth Accelerator Program, run by a consortium led by Alberta Innovates. The consortium includes the Government of Alberta, Prairies Economic Development Canada (PrairiesCan), The City of Edmonton through Edmonton Unlimited, and the City of Calgary’s Opportunity Calgary Investment Fund allocated $35 million over three years to retain business accelerators. It’s part of the Alberta government’s goal to help create 20,000 jobs and increase technology firm revenue to $5 billion by 2030.
